Industry Summit | Shao Jun: Give Advice for the Industry to Get Out of the Dilemma of Overcapacity with Group Wisdom

2024-03-29 11:12:17

Shao Jun believes that the industry should analyze its internal and external causes, take the initiative to solve the problems of overcapacity, the elimination of the elimination, the merger of the merger, the volume of the volume, the development of the development.

On March 29, the "2024 13th China Cement Industry Summit Main Forum and TOP100 Award Ceremony" was held grandly. At the meeting, Shao Jun, chairman of China Cement Network, made an important speech.

He said that in 2023, China's cement industry ushered in a big trough, with both industry profits and output declining, and predicted that the industry situation would remain grim in 2024. Data showed that the national cement output in January-February was 183 million tons, with an absolute decline of 7.9%.

In view of the above dilemma, Shao Jun believes that the industry should use group wisdom to make suggestions for the industry to get out of the serious overcapacity dilemma, analyze its internal and external causes, take the initiative to solve the problems of overcapacity, the elimination of the elimination, the merger of the merger, the involution of the involution, and the development of the development.

The following is the original text of the report:

Dear President Qiao, Teacher Zhang, Director Lu, President Xiao, leaders and distinguished guests:

Hello!

Spring returns to the earth and everything is renewed. In this beautiful season full of vigor and vitality, we gather in the picturesque Hangzhou to celebrate the 13th China Cement Industry Summit and TOP100 Award Ceremony, the annual event of China's cement industry. On behalf of the organizer, China Cement Network, I would like to extend my most sincere greetings and warmest welcome to the industry experts, leaders, guests and friends from all walks of life who have come from afar! In

2023, China's cement industry ushered in a big trough. The national cement output was 2.023 billion tons, with an absolute decline of 107 million tons, or 5%; the industry profit was 32 billion, with a year-on-year decline of 51%, a 16-year low. In 2024, the industry situation is still grim. From January to February, the national cement output was 183 million tons, with an absolute decline of 7.9%.

In this context, the theme of this summit is "understanding the changing situation, solving difficulties and seeking development", which is particularly appropriate. We have invited influential economists and industry cafes to gather together in the hope of forming an industry think tank, focusing on the core issues that restrict the development of the industry, making suggestions for the industry to get out of the serious overcapacity dilemma with group wisdom, analyzing the internal and external causes of the dilemma, and taking the initiative to solve the problem. The development of the development.

At present, the storm is normal, rain or shine is the state of mind, and wind and rain is the state of mind. Looking back on the development of China's cement industry in the past decades, the industry has always been able to build consensus in difficulties and achieve breakthroughs in adversity. At present, we should strengthen our beliefs, build up confidence and cohesion, and jointly explore new paths for the development of the industry and open up new ecology for the industry.

China Cement Network has been deeply engaged in the cement building materials industry for more than 20 years, and will continue to give full play to its professional advantages in the field of industry digitalization, promote the continuous and deep integration of digital economy and green development in the cement industry, and provide solid data support for the government, large enterprises in the industry, upstream and downstream, and industry associations to find breakthroughs. In

2023, we also launched the photovoltaic digital new energy sector, focusing on building a new energy industry big data platform, covering photovoltaic, hydrogen energy, energy storage and other new energy fields, providing industry information, market index, industry reports, project industry big data and other services. The integration of new quality productivity and traditional productivity is an important issue for the next development of the industry. On the bank of

the West Lake, the scenery of spring is abundant, and the heroes and talents have come to discuss Weiyang.

The talent congeals into the torch Yu Liang Gu, knows the Bureau to solve the difficulty to reflect all directions.

Yesterday afternoon, I benefited a lot from the 50-person forum on cement economy, the collision of views and the exchange of ideas. Through the forum, let us work hand in hand to light the torch of wisdom and learning, illuminate the way forward for China's cement industry, and create a better future for China's cement industry!

Ladies and gentlemen, happy to attend the meeting. In the beautiful season of March in Hangzhou, we will go to the West Lake and Qiantang River to enjoy the cherry blossoms. Finally, I wish the 13th China Cement Industry Summit a complete success! Thank you

again for coming, thank you!

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Correlation

On November 21, the Western Construction (002302) issued a prospectus for issuing stocks to specific targets in 2021. The company plans to introduce Conch Cement as a strategic investor through this issue, and Conch Cement will subscribe for 183 million shares, accounting for 12.48% of the total equity after the issue, becoming the second largest shareholder. The purpose of this issue is to optimize the capital structure, supplement liquidity and repay bank loans, which is expected to bring the company an annual increase of 8.85 billion yuan in operating income and a total profit of 708 million yuan, up 38.71% and 78.23% respectively from 2023.